Newbridge Financial Services Group Inc. Has $248,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Newbridge Financial Services Group Inc. raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 49.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,604 shares of the semiconductor company’s stock after acquiring an additional 1,199 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Enphase Energy were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Enphase Energy during the 3rd quarter valued at $1,273,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Enphase Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after purchasing an additional 16,234 shares during the period. Erste Asset Management GmbH bought a new position in shares of Enphase Energy during the 3rd quarter worth about $37,475,000. Mizuho Securities USA LLC grew its stake in shares of Enphase Energy by 4,177.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after buying an additional 438,424 shares during the period. Finally, Impax Asset Management Group plc increased its position in Enphase Energy by 15.9% in the 3rd quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after buying an additional 31,008 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $63.53 on Monday. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63. The stock has a market capitalization of $8.58 billion, a P/E ratio of 85.85, a PEG ratio of 8.78 and a beta of 1.68. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $68.61 and its 200 day moving average is $88.20.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on ENPH shares. Roth Mkm cut their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler lowered their price objective on shares of Enphase Energy from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley lowered their target price on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $90.42.

Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.